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Jan 1, 2013
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the architect of the senate deal minority leader mitch mcconnell notes it lacks in tax cut for large portion of the public. rattling it now would likely hand the blame to the republicans. >> i can speak to the entire conference when i say we don't think taxes should be going up on anyone. but we all knew if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> aide to the president incyst he was ready to agree to $1.2 trillion in spending cuts. in exchange for equal amount of tax increases during talks with speaker john boehner. yet, the republican walked away and got most of the tax hikes with virtually no spending cuts in what may be the first shot of the 2016 republican presidential primary, marco rubio became one of eight senators to oppose the deal. and tweeted, "how can barack obama call the proposal a debt reduction pack knowledge it uses tax increase to fund more spending and it increases the debt?" boehner is getting more cut over the fight over the debt creeling that expires in two months. white house aides think it could backfire,
the architect of the senate deal minority leader mitch mcconnell notes it lacks in tax cut for large portion of the public. rattling it now would likely hand the blame to the republicans. >> i can speak to the entire conference when i say we don't think taxes should be going up on anyone. but we all knew if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> aide to the president incyst he was ready to agree to $1.2 trillion in spending...
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Jan 1, 2013
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mitch mcconnell reached out to him. he really appears, by all accounts, helped to move the needle forwar. he has more than 30 years service as a u.s. senator. the 23 of those were spent serving alongside mitch mckonl. they have a good-working relationship. a strong-working relationship. the vice president knows how the inner workings of the senate work here in d.c. he is certainly someone who has been useful over the course of the past 24 hours. president obama, for his part, has been placing phone calls, as well. he has launched this two-pronged approach behind the scenes and launching this very public cam paraphernal campaign. democrats, you heard him come out today and sail this is not a perfect plan. it doesn't do everything we wablted. as you know, he ran on that campaign of increasing taxes on those who make $250,000 or more. the deal that is coming to fruition is those making more than $450,000. and there's some other compromises. so the president really taking a two-pronged approach here as these negotiations co
mitch mcconnell reached out to him. he really appears, by all accounts, helped to move the needle forwar. he has more than 30 years service as a u.s. senator. the 23 of those were spent serving alongside mitch mckonl. they have a good-working relationship. a strong-working relationship. the vice president knows how the inner workings of the senate work here in d.c. he is certainly someone who has been useful over the course of the past 24 hours. president obama, for his part, has been placing...
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Jan 1, 2013
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i should point out i mentioned that don stewart, senate minority leader mitch mcconnell's spokesperson was talking to reporter there we saw a moment ago in the gaggle of reporters, he said we're waiting to see if the vice president can sell this to his party. stewart says biden and mcconnell will meet while they are up on capitol hill as you look live at ohio clock the area where senators and spokes people go. the senate republicans have not signed off on the deal. it is protocol. when asked how long until a vote, don stewart said "awhile everything always takes longer in the senate." and it does, ed. but we could be seeing a vote, you know, sometime past 11:00. it really doesn't matter as far as the clock goes before midnight east coast time because despite the fact that is the fiscal cliff deadline as we noted the house adjourned until tomorrow and essentially the u.s. is technically going over the cliff even though lawmakers can adjust and beat things back if they decide to pass whatever comes out of congress before wednesday. >> right. and the irs can sign -- give instructions to c
i should point out i mentioned that don stewart, senate minority leader mitch mcconnell's spokesperson was talking to reporter there we saw a moment ago in the gaggle of reporters, he said we're waiting to see if the vice president can sell this to his party. stewart says biden and mcconnell will meet while they are up on capitol hill as you look live at ohio clock the area where senators and spokes people go. the senate republicans have not signed off on the deal. it is protocol. when asked...
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Dec 31, 2012
12/12
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you heard what senate minority leader mitch mcconnell said earlier today. we have members from both the house and senate on what happens next. i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular visits in one major country. we'll tell you where and why they're doing it. even when they say it's not, it is always about money adam: had enough of the fiscal cliff yet? before we go there, let's take a look at the day's market headlines a whipsaw for the session for the markets on their last trading day of the year. signs congress was taking major steps toward a fiscal cliff agreement. the dow closed near session highs, climbing 166 points the dow gained 7.3% for the year. now that sent the fear index or the vix into a tailspin. it nosedived 20% as fiscal cliff optimism swept ove
you heard what senate minority leader mitch mcconnell said earlier today. we have members from both the house and senate on what happens next. i'm adam shapiro, in for melissa francis. on "money" the capital-gains tax in the cross-hairs. the capital-gains tax will spike in the new year. how can investors protect themselves from the coming blow? respect your elders or else. a parents dream, a child's burden. adult children forced to financially support mom and dad and pay regular...
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Dec 29, 2012
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some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been grapted. >> we and the world have joined in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i do. >> and this administration has either been guilty of colossal incompetence or engaged in a coverup. >> a red line should be drawn right here. before iran completes the second stage of nuclear
some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up....
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i know mitch mcconnell very well, known him for a long time. i didn't think there was any way he would put his neck out for this deal unless he was absolutely confident that the republicans in the house would have ratified it. i think the fact that they're not indicates to me that this house republican conference is so ideologically driven that they would basically scorch the earth in defense of their own ideology, and the american people are the ones that are going to suffer, seniors, throughout the spectrum of the economy. businesses large and small if we let this thing go over the cliff and don't repair it very quickly. i think everybody on our side of the aisle is baffled that this deal which again passed 89-8 in the senate last night could not -- they couldn't even bring 40 or 50 republican votes to the floor of the house tonight because we would have passed it with those votes. >> there were some republicans that luke russert had heard from, one member. he said they were absolutely incredulous that some of the things that were being said
i know mitch mcconnell very well, known him for a long time. i didn't think there was any way he would put his neck out for this deal unless he was absolutely confident that the republicans in the house would have ratified it. i think the fact that they're not indicates to me that this house republican conference is so ideologically driven that they would basically scorch the earth in defense of their own ideology, and the american people are the ones that are going to suffer, seniors,...
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and of course he has about 23 years of just working with mitch mcconnell. so the two men have a good working relationship, and some have said that vice president biden has been the good cop to harry reid's bad cop. 10 he has really helped to move things along. but right now things are merging behind the scenes. talks are continuing. again, the vice president, if he feels is needed will head over to the hill. milissa? >> do you see the same blame game going on as was happening yesterday with all the fingers pointing back and forth at each other saying it's your fault, no, it's yours? and do you any that we'll be hearing more from the president tonight? >> well, of course, it's always an open question if we'll be hearing more from the president. there is no word yet if we will actually be hearing from him tonight. it is getting quite late. so i think that the chance is diminished by the hour. but the president did point some fingers today. he had some sharp words for republicans in congress. essentially saying that they couldn't get a big deal done because no
and of course he has about 23 years of just working with mitch mcconnell. so the two men have a good working relationship, and some have said that vice president biden has been the good cop to harry reid's bad cop. 10 he has really helped to move things along. but right now things are merging behind the scenes. talks are continuing. again, the vice president, if he feels is needed will head over to the hill. milissa? >> do you see the same blame game going on as was happening yesterday...
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approval for the senate minority leader mitch mcconnell and democrat at this point if it passes the senate and goes on to the house, hasn't passed the senate yet, so as to go through that. if it goes into the house and republicans aren't on board with this thing, the blame lyrically will fall on them. adam: rich edson, let's wrap this up, it is a new day for you, new year, let's start off on a positive note. you have a happy and healthy new year. i know you will be busy over the next two days of this year. rich: thank you, adam. adam: the senate will vote before 4:00 a.m. this morning on the deal, which will prevent tax increases for most americans and delay the spending cuts for at least two months, but i still should have passed the senate still has to be approved by the house of representatives. there's no scheduled a vote yet in the house of representatives. i am adam shapiro. have a happy, healthy and prosperous new year. gets to the house, tomorrow? and when could the house vote on this. >> assuming speaker boehner brings the senate bill to the house floor for a vote. we don't have c
approval for the senate minority leader mitch mcconnell and democrat at this point if it passes the senate and goes on to the house, hasn't passed the senate yet, so as to go through that. if it goes into the house and republicans aren't on board with this thing, the blame lyrically will fall on them. adam: rich edson, let's wrap this up, it is a new day for you, new year, let's start off on a positive note. you have a happy and healthy new year. i know you will be busy over the next two days...
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which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of
which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit...
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Dec 27, 2012
12/12
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it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could tak
it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they...
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are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl any kind of reasonable spending reduction, something that the house has dealt with in committee. we've bubbled it up. we have a lot of figures. quite frankly, the lack of sequestration, the idea that in two months, in addition to this, we'll be dealing with the cliff in defense and sequestration and the cliff in the sense that we don't raise the debt limit, i think they could easily be dealt with today. i'm with eric cantor. this bill in its present form is not good enough and the american people are smart enough to know that what you don't pay today and owe tomorrow, you'll have to pay tomorrow. >> we
are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl...
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i like what mitch mcconnell has said. i like the part about the president and him coming to agreement on some parts there. but you know, the president is a good speaker and always has been. but when it comes to listening to the speech, i could quote you the rest of the line. ram things down the throats, that will never happen. you know, they took the elite few and went behind closed doors and click -- crammed down the health care bill. i do not know what the deficit was when the president came into office, but we know that it keeps climbing higher and higher and we definitely need to get -- i run my household this way. if i cannot afford something, i cannot put the money into it. >> thank you for the call. four years ago the debt was about $12 trillion. as of today, we are close to $16.40 trillion. you can get that from the u.s. debt clock. we have a web site at c- span.org, about the fiscal cliff, leading up to this december 31 deadline, you can check it out anytime on our website. you can also weigh in on our facebook p
i like what mitch mcconnell has said. i like the part about the president and him coming to agreement on some parts there. but you know, the president is a good speaker and always has been. but when it comes to listening to the speech, i could quote you the rest of the line. ram things down the throats, that will never happen. you know, they took the elite few and went behind closed doors and click -- crammed down the health care bill. i do not know what the deficit was when the president came...
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Dec 28, 2012
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minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff. it seems we have this moment where this animal goes over the cliff, all limbs are still rotating around and we're staring into the abyss and eventually we're going to fold. >> i love that mental image. >> but it was the expectations component of that confidence data yesterday that was responsible for the headline de
minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this,...
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mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at square one, amazing as it is to say at this point, thomas. >> when we talk about what we know about the president, as we expect him to
mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to...
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this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> well, actually it's not a blank check the president has been pushing. and this isn't a partisan statement. look at the numbers in terms of what the public thinks about what the president ran on, which is to raise taxes for people who make over $250,000 a year. 47% of the country basically agrees with that, which is what he said. only 13% raise taxes for everybody. they are the real conservatives and fiscally hawkish i would say. and 35% say no tax increase. so americans tend to agree with the president. when you go back to this campaign, there are very
this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just...
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he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good decisions as a society. we saw the angry faces of reaction to demographic change in the beginning. the people bringing guns to political events. the faces of hatred in the birther mularkey. the dog whistling whether it was about the president or his surrogate, susan rice. guess what? none of it worked. it just didn't. who would have known how powerfully americans, america itself could not just reject but repel this nasty appeal. it didn't work. then we had the horror in newtown, connecticut. even animals cannot kill 20 victims in ten minutes, for that it takes state of the art fi firepower. david, i want to start with your year, when
he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good...
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so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to impact a lot of people. >> right. nbc's kristin welker keeping us honest at the white house. we will stand by. thank you. >> reporter: thank you. >>> joining us for analysis are two of my favorite guys, both former chairs of the democratic committee, pk to you both. >> karen. >> thanks, karen. >> governor rendell, i'm going to start with you, what do you make of this meeting? to some degree -- do we really expect we're going to get some substance out of this meeting or is this more for the optics so both sides can say they tried one more time? >> i think it's a little more for the opt
so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this...
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mitch mcconnell trusted joe biden. they trust. in washington, your word is something that's very important. they got a deal last night. for the country, i think that was a good thing. >> we do know the republicans say it's not a raise on taxes for those who make $250,000. at least it's up to $400,000. they can say the bush tax cuts which everyone knew were going to be sunsetted in ten years, 12 years later 90% of them are in place permanently. are republicans spinning it and saying those are good things? >> i think they are legitimately good things. the fact of the matter is raising taxes on people that hire folks my age and buying products that create jobs is going to do something for our economy. republicans say why didn't we have a plan earlier that defended those people, defended jobs for young americans, keeping the economy going. this does nothing for the debt, does nothing for spending. we're going to have another cliff in march but we have a greater cliff for our generation. there is a great piece in "the washington times"
mitch mcconnell trusted joe biden. they trust. in washington, your word is something that's very important. they got a deal last night. for the country, i think that was a good thing. >> we do know the republicans say it's not a raise on taxes for those who make $250,000. at least it's up to $400,000. they can say the bush tax cuts which everyone knew were going to be sunsetted in ten years, 12 years later 90% of them are in place permanently. are republicans spinning it and saying those...
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and negotiations with mitch mcconnell. so, sure, the president has been very involved. he, you know, he has led this campaign style effort to try to force republicans' hand. again, many of those folks are a little bit disappointed that that threshold was allowed to rise in these negotiations. but he did back republicans into a corner here to an extent that they're voting now on a tax hike that many thought they would never vote in favor of. >> i hate to look at the next fight before we conclude the one that we're in now, but since you mentioned the debt ceiling earlier and what we're facing in the next couple of months, what are we looking ahead to? what's the next struggle that we're going to see here? >> folks are familiar with the debt ceiling. the debt in this country is $16 trillion and growing. we hit that debt limb. the treasure secretary says they can move some things around and buy us a couple of more months which happens to be the same time that congress is going to have to once again decide how they're going to defer these a draconian spending cuts that was d
and negotiations with mitch mcconnell. so, sure, the president has been very involved. he, you know, he has led this campaign style effort to try to force republicans' hand. again, many of those folks are a little bit disappointed that that threshold was allowed to rise in these negotiations. but he did back republicans into a corner here to an extent that they're voting now on a tax hike that many thought they would never vote in favor of. >> i hate to look at the next fight before we...
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let's start with mitch mcconnell's republican leader. he's got a race in two years. he can see a primary from the conservative side. certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus battles and republicans in congress and really had them in a corner, had them boxed in really well. however, some of his supporters, you already hear them expressing a great deal of dismay.
let's start with mitch mcconnell's republican leader. he's got a race in two years. he can see a primary from the conservative side. certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus...
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it's deeply bipartisan worked out by mitch mcconnell and the white house. of course vice president biden was in there. >> do you support the bill? >> this is not new information. yes, i would support the bill. >> how many democrats would not support the bill? >> i don't have that count. i think it really -- i would hope and expect that this is a bipartisan bill. that's what the american people have been asking us to do is to find a way to protect the middle class in this country, to provide certainty for the markets and actually for all of us both consumers and investors and get it done. don't go over this cliff. take care of particularly the tax provisions in this legislation. we will have other opportunities to discuss and will be implementing either sequester an alternative. that's a trillion dollars in spending cuts we've committed to. the notion we haven't dealt with spending. we know we need some tax revenues. this is a compromise. >> we've got a minute left here, congress woman -- >> something we have to vote on. i'm saying. >> you want it to come to
it's deeply bipartisan worked out by mitch mcconnell and the white house. of course vice president biden was in there. >> do you support the bill? >> this is not new information. yes, i would support the bill. >> how many democrats would not support the bill? >> i don't have that count. i think it really -- i would hope and expect that this is a bipartisan bill. that's what the american people have been asking us to do is to find a way to protect the middle class in this...
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both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people wit
both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right....
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we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's why we will go over the fiscal cliff. >> great to have you here today. i know the clock is ticking. i know you're watching it closely. thank you so much for joining us. >> thank you. gregg. jon: a new report on the terror attack on our consulate in libya. who they are blaming for the deaths of four americans including our ambassador. a french court says goodbye to that country's controversial 75% tax rate on the wealthy. don't you wish you were living in france? what that means for the socialist government of that country as it vows to continue squeezing the rich. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor
we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's why we will go over the fiscal cliff. >> great to have you here today. i know the clock is ticking. i know you're watching it closely. thank...
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as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama than we're used to. >> it is. the markets really are holding pretty steady in light, despite this dram a i should say. the dow down by about .10%. the nasdaq has been powering higher in this session, in terms of the major indices. up by about .6%. fairly calm in the markets so far. >> we'll see if john harwood changes any of that. we go to washington with breaking news. john? >> carl, i just spoke to a republican source close to the talks who gave this update. vice president biden and senate republican leader mitch mcconnell last talked at 6:30 this morning. they not only talked a
as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama...
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mitch mcconnell wanted to get everything done they agreed to. so far the democrats who are running the senate say not yet. >> if it's more politically palatable for the house republicans to vote on it tomorrow as opposed to today, why don't the senate republicans wait till tomorrow as well? >> that's a great point. something we've been talking about internally in the hours and hours we've been spending walking the halls and standing and waiting. that is certainly a potential political reason to wait. it doesn't seem as though that really is what's driving e senate republicans. it's more of an issue of, i'm told by republicans sources in the house, maybe just a handful of republicans, who could be swayed to vote for it. otherwise, they wouldn't have been able to do it. >> dana, stand by. i'm anxious to see what the senate, the democratic leadership, the republican leadership, decides to do. will there be a vote on the floor in the coming hours? standby. a lot at stake. what does it mean if the u.s. goes over the fiscal cliff? technically, the u.s
mitch mcconnell wanted to get everything done they agreed to. so far the democrats who are running the senate say not yet. >> if it's more politically palatable for the house republicans to vote on it tomorrow as opposed to today, why don't the senate republicans wait till tomorrow as well? >> that's a great point. something we've been talking about internally in the hours and hours we've been spending walking the halls and standing and waiting. that is certainly a potential...
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vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate the end of this year and the beginning of a new year with good news for the american people." the senate adjourned for the nine and will reconvene tomorrow at 11:00 a.m. eastern time. even if it some type of deficit deal is reached the there will be just hours left to get it passed through both chambers of cocongress >> secretary of state hillary clinton is in the hospital in new york tonight with a blood clot related to a concussion she suffered earlier this month. doctors discovered the blood clot during a routine follow up exam today. mrs. clinton is being treated with anti-coagulants. she will remain in the hospital for at least 48 hours, so doctors can monitor her condition. mrs. clinton suffered the concussion while battling a stomach flu,
vice president joe biden -- talked to minority leader mitch mcconnell several times today...in an effort to break the stalemate. hopefully, the discussions between the vice president and senator mcconnell will get us back on track, hopefully get a breakthrough and something we can vote on. i hope by the end of day tomorrow night, we can celebrate the end of this year and the beginning of a new year with good news for the american people." the senate adjourned for the nine and will...
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for sure i think mitch mcconnell may be the unsung hero here, right? so until the last week or so he was very much taking a back seat to speaker boehner. now, there is some sense, no disreto anybody else in congress he is kind of the adult in the room on the republican side that decided a deal had to get done. knew how to do it calling in vice president biden. obviously they were able to kind of talk turkey in a way that got things done. i think really elevates his prestige even more. harry reid, again certainly in a position to obstruct something. he didn't. so could he have been more aggressive? perhaps so. i think this is kind of the outcome a lot of members of the senate, house, democrat and republican foresaw. i don't give any bad notes to harry reid on this. heather: okay. basically because he went quiet and stepping into his place and appeared to be vice president joe biden. >> biden is clear winner even eclipsing the president who yesterday almost had what democratic strategists call a leon lett moment. the dallas cowboy who spiked football bef
for sure i think mitch mcconnell may be the unsung hero here, right? so until the last week or so he was very much taking a back seat to speaker boehner. now, there is some sense, no disreto anybody else in congress he is kind of the adult in the room on the republican side that decided a deal had to get done. knew how to do it calling in vice president biden. obviously they were able to kind of talk turkey in a way that got things done. i think really elevates his prestige even more. harry...
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today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out months ago. >> and republicans aren't about to write a blank check or anything senate democrats put forward just because we find
today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not...
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a spokesman for senator mitch mcconnell says while the president was tapingly those remark, senator mcconnell was trying to bring republicans and democrats together on a solution. the spokesman notes, discussions continue. if senator mcconnell and harry reid can reach a deal in the next couple of hours, leading senate republican notes there is no guarantee it will pass both the house and the senate. >> if mcconnell can't get 60% of us to vote for this deal, it will be hard for boehner to get it through the house. i want to vote for it even though i won't like it because the country has a lot at stake. >> among the republican krengs any revenue generated by a potential deal, they would like to see it come do paying down the deficit, not new government spending. shannon? >> how confident are the "cook's essentialsal" democrats about the ability to get this done? >> reporter: congressional democrats do not sound over confident. they recognize this is a heavy lift between the top two senators in the next couple of hours. but a leading new york democrat sounded cautiously optimistic. >> there is c
a spokesman for senator mitch mcconnell says while the president was tapingly those remark, senator mcconnell was trying to bring republicans and democrats together on a solution. the spokesman notes, discussions continue. if senator mcconnell and harry reid can reach a deal in the next couple of hours, leading senate republican notes there is no guarantee it will pass both the house and the senate. >> if mcconnell can't get 60% of us to vote for this deal, it will be hard for boehner to...
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vice president joe biden and senate minority leader mitch mcconnell. working behind the scenes as they have successfully done in the past. the senate went home last night and they are going to get in this morning at the bright hour of 11:00 a.m. eastern. i don't understand how that works. we are not seeing any evidence of progress in either chamber, but as i said, mcconnell and biden are talking. that's important. these two guys have a long history together, and have an ability to cut a deal. one major stumbling block has been overcome. republicans have dropped their demand to reduce social security, cost of living increases. you will know that as the chain cpi. >> and the public has taken their demand for social security benefits off the table. the truth is they never should have been on the table to begin with. significant distance between the two sides, but negotiations continue. >> the consequences of this are too hot for the american people to be engaged, in a political messaging campaign. i'm interested in getting a result here. >> we followed th
vice president joe biden and senate minority leader mitch mcconnell. working behind the scenes as they have successfully done in the past. the senate went home last night and they are going to get in this morning at the bright hour of 11:00 a.m. eastern. i don't understand how that works. we are not seeing any evidence of progress in either chamber, but as i said, mcconnell and biden are talking. that's important. these two guys have a long history together, and have an ability to cut a deal....
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senate minority leader mitch mcconnell arrived earlier today at the capital for talks. yesterday he and other leaders met the white house with the president and vice president aiming to avoid tax hikes and may vote on a deal as early as sunday. >>> police now have a woman in custody in connection with the death of a man pushed in front of a new york city subway train on thursday. detectives arrested a woman who they said said things that implicated hadder in the death sun and doe sen. this is the sketch of that suspect. >>> in india, the young woman gang raped on a new delhi bus is dead. doctors say she died peacefully at the hospital where she was being treated. employees plan to add murder charges against the six suspects already in custody and arrested on rape. the charges will be filed next thursday. angry protesters have been demanding justice and more protection for women and police expect more demonstrations in the days to come. >>> a large crowd cheers the first couple to get married under maine's new same-sex marriage law. stephen bridges and michael snell of p
senate minority leader mitch mcconnell arrived earlier today at the capital for talks. yesterday he and other leaders met the white house with the president and vice president aiming to avoid tax hikes and may vote on a deal as early as sunday. >>> police now have a woman in custody in connection with the death of a man pushed in front of a new york city subway train on thursday. detectives arrested a woman who they said said things that implicated hadder in the death sun and doe sen....
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. >> we will find out in the morning whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >>> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> have a good night. >>> i'm don lemon, and this is cnn's top ten of 2012. this hour we look at the stories that captured our attention. what we see as the biggest stories of the year, around the world in crime, money, weather and even the biggest scandals. and later this hour, the big reveal of the most intriguing people of the year as chosen by you. we begin with the topic that dominated our coverage for much of the year. here's cnn's political correspondent candy crowley with the top phen political stories of 2012. >> p
. >> we will find out in the morning whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >>> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us...
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speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their home districts later this hour. we expect senate republican leader mitch mcconnell to be on the senate floor. the top
speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this...
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. >> that, of course, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it wouldn't pass. republicans -- a myriad of republicans think it's the fair thing to do and of course every democrat would vote for that. the republican leader finds himself frustrated that the president has called on him to help address the fiscal cliff. he's upset because, quote, the phone never rang. he complains that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the
. >> that, of course, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it...
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he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't it? >> it is. and it could be possible, adam. the next 24 hours will let us know. we have a reedout from our colleague ed henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can not come up with some type of compromise, or republican and democratic leaders can not come up with some kind of compromise, would they put up the president's plan $250,000 below vote in the house, the white house officials said the speaker was noncommittal. the white house officials said that it does not appear that the debt ceiling is part of this. that is a major obstacle for republicans in the house. they said that they wanted for the president a four year plan the debt ceiling. it could help carve the vote. adam: when the president says nobody gets 100%
he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't it? >> it is. and it could be possible, adam. the next 24 hours will let us know. we have a reedout from our colleague ed henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the...
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you heard mitch mcconnell say he's hopeful and optimistic. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the deb
you heard mitch mcconnell say he's hopeful and optimistic. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it...
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mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue, including the tax rate hike though i don't like them to get, to save the country from becoming greece. i'm not going to set aside the $1.2 trillion in cuts. >> if the president does return to washington this week, unclear whether he will come back here to hawaii for new year's with his family. joe lieberman says he expects the senate to be in session on new year's eve, working on a deal down to the wire. >> thank you, ed. markets dropped on shortened day of trading. dow fell 52. s&p 500 lost 3.5. nasdaq down 8.5. might be a blue christmas for retailers. shoppers came out in droves but spent l
mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue,...
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. >> well, and that's why, and that's why the president ask speaker boehner and mitch mcconnell and harry reid need to come back and make sure their membership -- boehner couldn't deliver the other day -- make sure the membership, and by the way, boehner may have to go with democrats plus a minority of republicans to get the job done. gregg: yeah. >> this is about the welfare of this country, not about the welfare of a political party. gregg: all right. brad, the fiscal cliff is one of the reasons why people are so incredibly gloomy about the future, and, you know, dick's making the point here when speaker john boehner can't even get his own party to follow him and put up a vote on his plan, i mean, aren't republicans equally to blame for the public's profound pessimism? >> well, we have a divided nation, that is for sure. this president has not done his job in leading, and had he done his job in leading especially in the fiscal cliff, he wouldn't be in hawaii now, he'd be in washington making sure that we had a deal -- gregg: has boehner done his job? >> boehner has done a great job in t
. >> well, and that's why, and that's why the president ask speaker boehner and mitch mcconnell and harry reid need to come back and make sure their membership -- boehner couldn't deliver the other day -- make sure the membership, and by the way, boehner may have to go with democrats plus a minority of republicans to get the job done. gregg: yeah. >> this is about the welfare of this country, not about the welfare of a political party. gregg: all right. brad, the fiscal cliff is one...
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mitch mcconnell, all of them. you know, would you say your interest is to not let him be president for a second term, that means you have to go against everything so he would not be significant, like you are trying to tear him down. you are tearing everybody down. this is my thought. how is it that we the american people allow our senators and representatives to go against our better good? nothing they have done has been for the american people. it is not so hard to see that everything they have done has been to hurt not just the middle class, the poor. people on social security. everything the talk about is hurting other people. is it those that have the most that want to keep the most and make the ones that have the least pay for all the most the want to have? we have to wake up and get out and vote. this is not -- if we had got out and vote in 2010, this will not be happening. host: a couple more items from a facebook this morning. back to the telephones. david in fairfax station, virginia is on the line for re
mitch mcconnell, all of them. you know, would you say your interest is to not let him be president for a second term, that means you have to go against everything so he would not be significant, like you are trying to tear him down. you are tearing everybody down. this is my thought. how is it that we the american people allow our senators and representatives to go against our better good? nothing they have done has been for the american people. it is not so hard to see that everything they...
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mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnll confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, th
mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with...
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also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health publications, high blood pressure, heart disease, kidney damage, and even cancer. bottom line, for the death your health express yourself. if you're angry, let it all out. don't hold the pack. expressing your emotions could be just the key to that enjoyed a long and healthy life. that's my "2 cents more." thanks for joining is. don't forget to record the show if you cannot catch us live. have a great night and will see you tomorrow. ♪ lou: good evening. the pounding, deafening drumbeat for gun control is rising. emanating principally from washington, the present, and members of
also, mitch mcconnell, the minority leader, the president, and harry reid. everyone will be in play, and we will cover that for you. finally, good news for all you hot heads out there. in the study reveals that being hot tempers and expressing anger is good for you. it can add up to two years to your life span. after analyzing six dozen people, researchers from entering university conclude that overtime self restraint and holding back-oceans could cause you to develop serious health...
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mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnell confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, t
mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with...